But the athletic dept has no say in how much money is kept by REA or how it is spent. So you can't blame the AD for doing this upgrade "instead" of funding WIH.
The family foundation doesn't need to give $$ to UND for anything. As far as how the REA foundation spends UND's money, I've never gotten the impression they really care about anything outside of the arena.
Not excusing the REA's general resistance to the new logo, but this has been in the works for a couple years, so it's possible the rendering was done prior to the adoption of the new logo.